Police Bank home loans

Your guide to comparing home loan offers by Police Bank.

Police Bank started as a service to policemen and women in NSW and has now expanded to become a modern, member-owned financial organisation.

Compare Police Bank home loans

Rates last updated October 15th, 2019
Loan purpose
Offset account
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Who is Police Bank?

Police Bank started life as the NSW Police Credit Union in the early 1960s. It has since grown and matured into a fully-fledged bank with all the facilities and services that one would expect of one of Australia’s largest mutual associations.

Home loans offered by Police Bank

Premium home loan

The Premium home loan is available to first home buyers, investors, those who are refinancing as well as those who are rebuilding or extending their homes. Loans can be fixed, variable or even split, while principal and interest or interest-only options are available. Payments can be weekly, fortnightly or monthly, and extra repayments do not attract fees. An offset account is also available to those with variable interest rate loans.

Police Value home loan

The Police Value home loan is a discounted loan available to those in the police force. It offers competitive interest rates intended help borrowers own their home sooner. Aside from the discounted interest rate, most features of this loan are similar to those of the Premium home loan.

OneChoice home loan

The OneChoice home loan features a fixed competitive introductory interest rate. It can be combined with another type of loan as a split-loan option, and is available for purchase, refinance, investment, construction, renovating.

Basic features of this loan are similar to those of other Police Bank loans, including flexible repayment options, no penalty for early repayments and a redraw facility.

Equity Maximiser home loan

Featuring no application or valuation fees, this loan offers a secured line of credit with flexibility to draw on funds whenever you may need it. You can link additional accounts for other investments, and this loan comes with a transactional account with full electronic access to funds with ATM and EFTPOS services.

About how to compare home loans

Pros and cons of Police Bank home loans


  • Discounts for the Police Force. The Police Value Home Loan offers a discounted rate to members of the Police force.
  • Range of home loans. The home loan options offered by Police Bank are designed to suit most potential borrowers and include flexible features such as no account fees, your choice of repayment options, split-rate options and redraw facilities.


  • Branch access. The bank is best suited to those who live near a Police Bank branch, most of which are in the coastal cities of NSW and Victoria.

How to apply for a Police Bank home loan

If you're interest in applying for a home loan with Police Bank, you can consult a mortgage broker.

Documents needed to apply for a Police Bank home loan

Personal and employment details

You will need to be a member of the Police Bank to apply, and you will need to provide your membership details. You can include two members on the application.

  • Name and contact information. Police Bank will need you to provide your name, marital status, contact information and address.
  • Employment details. You will need to provide details of your current and previous employers, including their name, address and your own period of employment.

Details about the property

Police Bank will also need details of the property you intend to purchase in order to properly assess your application. You will need to provide the following information:

  • Property valuation. You will need to have your property valued in order to obtain a loan. Once you have this valuation you can provide the name and details of the valuer to Police Bank.
  • Home loan purpose. You will have to indicate whether you need the loan as a home loan or investment loan.
  • Property financials. You will need t provide information about the funds you have available for this property, which include proceeds from the sale of an existing property, any deposit you have paid, etc.

Financial information

A Police Bank requires detailed information regarding your finances. When you apply, you will need to provide:

  • Income details. You will need to show the salary you earn after tax as well as any additional income you earn. This will need to be filled out for both applicants.
  • Commitments. Police Bank requires details of your outstanding debts and expenses. This includes things like existing rent or mortgages as well as any balances owing on open credit accounts.
  • Details of assets. You will need to outline all of your assets, including cars, boats, savings or term deposits, among other things.

To a mortgage broker

Police Bank offers a number of viable home loan options, but make sure to seek expert advice and compare your options so you find the best loan available for your needs.

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Home Loan Offers

Important Information*
Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers (*now 3.09%, drops to 2.84% on 29 Oct), P&I $200K+
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers (*now 3.09%, drops to 2.84% on 29 Oct), P&I $200K+

Take advantage of a low-fee mortgage with a special interest rate of just 2.84% p.a. and a 2.84% p.a. comparison rate.

Logo for Athena Variable Home Loan - Refinance (Owner Occupier, P&I)
Athena Variable Home Loan - Refinance (Owner Occupier, P&I)

Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.

Logo for Virgin Reward Me Fixed Rate Home Loan - 2 Year $300k+ Special offer (Owner Occupier, P&I)
Virgin Reward Me Fixed Rate Home Loan - 2 Year $300k+ Special offer (Owner Occupier, P&I)

Buy your home and lock in a low rate for the first two years. Available with a 10% deposit. Earn Velocity Frequent Flyer Points at settlement, monthly and every three years, plus extra bonus points for a limited time.

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